All Property Week articles in 29 June 2018 – Page 3
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Asian consortium acquires £2.1bn stake in Global Switch
A consortium of Asian investors has acquired a 24.99% stake in data centre company Global Switch for £2.1bn before it goes public next year.
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Urban Logistics acquires industrial portfolio double from LondonMetric
Urban Logistics has agreed to acquire a pair of logistics portfolios from LondonMetric for a total cost of £36m.
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Emoov seeks crowdfunding cash ahead of IPO early next year
Online estate agent Emoov has launched what it claims is the first “pre-IPO crowdfunding” campaign ever conducted.
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HB Reavis sells CBRE pre-let Cooper & Southwark
HB Reavis has agreed the sale of its 78,000 sq ft office development at 61 Southwark Street that is pre-let to CBRE’s Global Workplace Solutions division to an overseas private investor.
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Altus acquires French proptech firm Taliance
Software and advisory firm Altus Group has acquired Paris-based proptech company Taliance Group for €20m (£18m).
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WELPUT lets central London office to The Office Group
Central London real estate fund WELPUT, managed by Schroders Real Estate and advised by Grafton Advisors, has let offices at Orion House in Covent Garden to The Office Group.
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OakNorth completes £21.7m loan to Starboard Hotels
OakNorth has completed a £21.7m loan to Starboard Hotels to develop a new 162-bedroom Hampton by Hilton hotel in Park Royal, west London.
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Urban Exposure closes £104m loans in first since AIM listing
Urban Exposure has revealed it has closed its first three loans since its £150m AIM float in May.
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Paragon completes Titlestone takeover
Paragon Banking Group has completed its £48m takeover of residential lender Titlestone Property Finance.
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NewRiver appoints Baroness Ford to chair
Baroness Ford of Cunninghame is set to become NewRiver REIT’s new chairman, following Paul Roy’s decision to stand down in October.
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Warehouse REIT makes two appointments
Warehouse REIT’s external manager, Tilstone Partners, has made two appointments to strengthen its management team.
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Hammerson shares fall on news of strategy review
Hammerson shares fell 0.34% on Monday to 520.8p after news broke that the company had appointed McKinsey to launch a strategy review in the wake of its failed takeover bid for rival intu and its own approach from Kleppiere.
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NAV nudges up at St Modwen
St Modwen has posted a 1% rise in net asset value (NAV) per share for the first six months of its financial year.
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Linton and Henika get mixed-use green light in Battersea
The joint venture between Linton Group and Henika Group has secured planning permission for a mixed-use 10-storey office building in Battersea.
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Heathrow expansion: gearing up to deliver
MPs’ vote in favour of expansion at Heathrow Airport is a significant and welcome step forward for one of our most important national infrastructure projects. Our sector has now fixed its attention on an arguably more complex question: are we ready to deliver such an ambitious programme?
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Rockspring completes €220m portfolio refinancing
Rockspring Property Investment Managers has completed a €220m (£194.5m) portfolio refinancing with Natixis Pfandbriefbank.
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New co-chairman and major equity investment for LJ Partnership
US family office LJ Partnership has outlined significant global expansion plans with the appointment of the former global head of M A at UBS, Ken Costa, as its new co-chairman.
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Travelodge launches budget hotel brand
Travelodge has launched a new budget brand called Travelodge Plus which it will initially roll out across six of its UK hotels.
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Stanhope and Mitsui signs up pharma company at White City Place
Stanhope, Mitsui Fudosan and AIMCo have signed Autolus to become the first major life sciences company to take space at White City Place.
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Alison Nimmo to step down from CEO role at Crown Estate
The Crown Estate has announced chief executive Alison Nimmo CBE will step down from the role at the end of December 2019.